Citi Trends (NASDAQ:CTRN) Rating Increased to Buy at Craig Hallum

Craig Hallum upgraded shares of Citi Trends (NASDAQ:CTRN) from a hold rating to a buy rating in a research report report published on Monday, MarketBeat Ratings reports. Craig Hallum currently has $36.00 price objective on the stock.

CTRN has been the topic of a number of other reports. StockNews.com downgraded shares of Citi Trends from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. DA Davidson boosted their price target on Citi Trends from $20.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th.

Citi Trends Trading Up 16.4 %

Shares of Citi Trends stock opened at $27.83 on Monday. Citi Trends has a 1 year low of $13.65 and a 1 year high of $32.90. The company has a market cap of $242.40 million, a P/E ratio of -9.07 and a beta of 2.27. The stock has a 50-day moving average price of $25.81 and a 200 day moving average price of $20.57.

Citi Trends (NASDAQ:CTRN) last posted its quarterly earnings results on Tuesday, December 3rd. The company reported ($0.78) earnings per share (EPS) for the quarter. Citi Trends had a negative return on equity of 14.43% and a negative net margin of 3.36%.

Insiders Place Their Bets

In other news, Director Jonathan Duskin sold 12,000 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $26.44, for a total value of $317,280.00. Following the sale, the director now directly owns 33,396 shares of the company’s stock, valued at approximately $882,990.24. This trade represents a 26.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Quest Partners LLC acquired a new stake in Citi Trends during the third quarter worth $40,000. R Squared Ltd bought a new position in shares of Citi Trends during the 4th quarter worth about $85,000. Quantbot Technologies LP boosted its position in shares of Citi Trends by 111.3% during the 3rd quarter. Quantbot Technologies LP now owns 8,070 shares of the company’s stock valued at $148,000 after acquiring an additional 4,250 shares in the last quarter. Jane Street Group LLC bought a new stake in Citi Trends in the third quarter valued at about $193,000. Finally, AlphaQuest LLC raised its position in Citi Trends by 287.5% in the fourth quarter. AlphaQuest LLC now owns 8,354 shares of the company’s stock worth $219,000 after purchasing an additional 6,198 shares in the last quarter.

About Citi Trends

Citi Trends, Inc operates as a value retailer of fashion apparel, accessories, and home goods. The company offers apparel, such as fashion sportswear and footwear for men and ladies, as well as apparel for kids, including newborns, infants, toddlers, boys, and girls; sleepwear, lingerie, and scrubs for ladies; and kids uniforms and accessories.